Okie dokie.
https://www.forbes.com/sites/george...-june-cpi-headline-head-fake/?sh=4489d86e76f4
From the link:
Perhaps some of these adjustments could be further refined. Perhaps counter-arguments can be entertained. But my point is that by any meaningful definition of true inflation, the headline number is greatly overstated.
One more point. The monthly inflation scare headline is like that car alarm that keeps going off in the middle of the night when the garbage truck rumbles by. It is annoying, but we know that we don’t have to call 911 every time we hear it go off.
https://www.forbes.com/sites/george...-june-cpi-headline-head-fake/?sh=4489d86e76f4
From the link:
In Sum — There is No Inflation
If you’re keeping score, with these deductions we’re down to something under 2% for the adjusted price rise in June 2021 relative to June 2020.Perhaps some of these adjustments could be further refined. Perhaps counter-arguments can be entertained. But my point is that by any meaningful definition of true inflation, the headline number is greatly overstated.
One more point. The monthly inflation scare headline is like that car alarm that keeps going off in the middle of the night when the garbage truck rumbles by. It is annoying, but we know that we don’t have to call 911 every time we hear it go off.
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